Transparency and emerging market bond spreads : [Version June 2011]

I investigate the effect of transparency on the borrowing costs of Emerging Markets Economies. Transparency is measured by whether or not the countries publish the IMF Article IV Staff report and the Reports on the Observance of Standards and Codes (ROSC). Using difference-in-difference estimation, I study the effect on the sovereign credit spreads for 18 Emerging Market Economies over the period 1999-2007. I show that the effect of publishing the Article IV reports is negligible while publishing the ROSC matters, leading to a reduction in the spreads of over 15% in the samples 1999-2006 and 1999-2007. JEL Classification: F33, F34, G15 Keywords: Sovereign Bond Markets, Transparency, Emerging Market Economie

Laboratory Tests Of Waste Mixtures Consisting Recycled Tyre Rubber and Coal-Mining Wastes

The paper presents the results of research on the application of recycled tyre rubber, in the form of rubber dust, in mixtures bound with a hydraulic binder, to improve the physical and mechanical parameters of unburnt coalmining slates. In particular, the parameters related to resistance to water and susceptibility of bound mixtures. The research was carried out on mixtures containing unburnt coal-mining slate, rubber dust, fly ash and cement, as well as on reference mixtures with no rubber dust in their composition. The observations were aimed at checking how the varied content of rubber dust affects the physical and mechanical parameters of the samples

The influence of reconstruction criteria on the sensitive probes of the symmetry potential

Different criteria of constructing clusters and tracing back $\Delta$ resonances from the intermediate-energy neutron-rich HICs are discussed by employing the updated UrQMD transport model. It is found that both the phase-space and the coordinate-density criteria affect the single and the double neutron/proton ratios of free nucleons at small transverse momenta, but the influence becomes invisible at large transverse momenta. The effect of different methods of reconstructing freeze-out $\Delta$s on the $\Delta^0/\Delta^{++}$ ratio is strong in a large kinetic energy region.Comment: 8 pages, 7 fig

The Circumgalactic Medium of Submillimeter Galaxies. II. Unobscured QSOs within Dusty Starbursts and QSO Sightlines with Impact Parameters below 100 Kiloparsec

We present Atacama Large Millimeter/submillimeter Array (ALMA) 870um observations of 29 bright Herschel sources near high-redshift QSOs. The observations confirm that 20 of the Herschel sources are submillimeter-bright galaxies (SMGs) and identify 16 new SMG-QSO pairs that are useful to studies of the circumgalactic medium (CGM) of SMGs. Eight out of the 20 SMGs are blends of multiple 870um sources. The angular separations for six of the Herschel-QSO pairs are less than 10", comparable to the sizes of the Herschel beam and the ALMA primary beam. We find that four of these six "pairs" are actually QSOs hosted by SMGs. No additional submillimeter companions are detected around these QSOs and the rest-frame ultraviolet spectra of the QSOs show no evidence of significant reddening. Black hole accretion and star formation contribute almost equally in bolometric luminosity in these galaxies. The SMGs hosting QSOs show similar source sizes, dust surface densities, and SFR surface densities as other SMGs in the sample. We find that the black holes are growing $\sim$3$\times$ faster than the galaxies when compared to the present-day black-hole-galaxy mass ratio, suggesting a QSO duty cycle of $\lesssim$30% in SMGs at z ~ 3. The remaining two Herschel-detected QSOs are undetected at 870um but each has an SMG "companion" only 9" and 12" away (71 and 95 kpc at z = 3). They could be either merging or projected pairs. If the former, they would represent a rare class of "wet-dry" mergers. If the latter, the QSOs would, for the first time, probe the CGM of SMGs at impact parameters below 100 kpc.Comment: ApJ accepte

Galaxy And Mass Assembly (GAMA)

The GAMA survey aims to deliver 250,000 optical spectra (3--7Ang resolution) over 250 sq. degrees to spectroscopic limits of r_{AB} <19.8 and K_{AB}<17.0 mag. Complementary imaging will be provided by GALEX, VST, UKIRT, VISTA, HERSCHEL and ASKAP to comparable flux levels leading to a definitive multi-wavelength galaxy database. The data will be used to study all aspects of cosmic structures on 1kpc to 1Mpc scales spanning all environments and out to a redshift limit of z ~ 0.4. Key science drivers include the measurement of: the halo mass function via group velocity dispersions; the stellar, HI, and baryonic mass functions; galaxy component mass-size relations; the recent merger and star-formation rates by mass, types and environment. Detailed modeling of the spectra, broad SEDs, and spatial distributions should provide individual star formation histories, ages, bulge-disc decompositions and stellar bulge, stellar disc, dust disc, neutral HI gas and total dynamical masses for a significant subset of the sample (~100k) spanning both the giant and dwarf galaxy populations. The survey commenced March 2008 with 50k spectra obtained in 21 clear nights using the Anglo Australian Observatory's new multi-fibre-fed bench-mounted dual-beam spectroscopic system (AAOmega).Comment: Invited talk at IAU 254 (The Galaxy Disk in Cosmological Context, Copenhagen), 6 pages, 5 figures, high quality PDF version available at http://www.eso.org/~jliske/gama

Structural performance of steel-concrete sandwich beams with carbon nanofiber reinforcement

Cementitious materials such as concrete are typically characterised as quasi-brittle with low tensile strength and low strain capacity, which hence affect the long-term durability of the structure. One of the most important issues in designing and maintaining massive concrete structures like offshore and nuclear power plants is concrete cracking, which is due to the low tensile strength of concrete. This can destroy the structural aesthetic and lead to deterioration of the structure. The addition of fibers to concrete has been proven to be a good mean to control its crack behaviour and maintain its ductility in tension. Further, since the discovery of carbon nanotubes/fibers (CNT/CNF), they have been also considered as efficient fibers for construction materials such as concrete. This study presents the structural performance of steel-concrete (SC) elements with a fiber reinforced concrete (FRC) core using both single and hybrid fibers (i.e. consisting of two types of fibers). For this study carbon nanofibers, and steel fibers which are conventionally used in practice, are used for the FRC. Static tests were conducted on eight SC beams with different concrete types. The paper reports on the experimental results obtained from four-point flexural loading of the SC beams. The study shows considerable improvement for both the strength and ductility of the tested specimens. The research laid the groundwork for additional in-depth studies on using carbon nanofiber reinforced concrete within structural members

Generalizing GAMETH: Inference rule procedure..

In this paper we present a generalisation of GAMETH framework, that play an important role in identifying crucial knowledge. Thus, we have developed a method based on three phases. In the first phase, we have used GAMETH to identify the set of “reference knowledge”. During the second phase, decision rules are inferred, through rough sets theory, from decision assignments provided by the decision maker(s). In the third phase, a multicriteria classification of “potential crucial knowledge” is performed on the basis of the decision rules that have been collectively identified by the decision maker(s).Knowledge Management; Knowledge Capitalizing; Managing knowledge; crucial knowledge;

EEG–fMRI mapping of asymmetrical delta activity in a patient with refractory epilepsy is concordant with the epileptogenic region determined by intracranial EEG

We studied a patient with refractory focal epilepsy using continuous EEG-correlated fMRI. Seizures were characterized by head turning to the left and clonic jerking of the left arm, suggesting a right frontal epileptogenic region. Interictal EEG showed occasional runs of independent nonlateralized slow activity in the delta band with right frontocentral dominance and had no lateralizing value. Ictal scalp EEG had no lateralizing value. Ictal scalp EEG suggested right-sided central slow activity preceding some seizures. Structural 3-T MRI showed no abnormality. There was no clear epileptiform abnormality during simultaneous EEG–fMRI. We therefore modeled asymmetrical EEG delta activity at 1–3 Hz near frontocentral electrode positions. Significant blood oxygen level-dependent (BOLD) signal changes in the right superior frontal gyrus correlated with right frontal oscillations at 1–3 Hz but not at 4–7 Hz and with neither of the two frequency bands when derived from contralateral or posterior electrode positions, which served as controls. Motor fMRI activations with a finger-tapping paradigm were asymmetrical: they were more anterior for the left hand compared with the right and were near the aforementioned EEG-correlated signal changes. A right frontocentral perirolandic seizure onset was identified with a subdural grid recording, and electric stimulation of the adjacent contact produced motor responses in the left arm and after discharges. The fMRI localization of the left hand motor and the detected BOLD activation associated with modeled slow activity suggest a role for localization of the epileptogenic region with EEG–fMRI even in the absence of clear interictal discharges